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The Wealth Effect: IT Trends and Expenditures in the US Business Market, Part Three: US Small Businesses (5 to 99 Employees)
- ID: 236620
- March 2004
- Region: United States
- 37 pages
Small businesses are evolving. Their business problems are basic keep me competitive and help me reach and keep my customers, but they are poorly served by high-tech providers today. The good news is that these customers are likely to spend more on technology services and solutions in 2004 and are feeling pretty good about the economy, and, more importantly, their businesses. However, the channels that they use to purchase technology services and solutions are changing, suggesting that vendors will need to develop new, more effective means to address the evolving requirements of this market, over time. In-Stat/MDR believes that VARs will play a key role in this.
This report presents five-year spending forecasts for overall IT spending in the small business market. Forecasts for overall spending and for the six broad spending categories of computer hardware, applications, network hardware, telecom services and equipment, IT personnel, and outsourcing and hosted services are presented and broken down by size of business. Data on perceptions of the US economy and performance of respondents firms in 2003, and expectations for 2004, is analyzed in this report, along with data on factors affecting IT spending. The research also includes data on the channels used by customers in this market for various kinds of IT purchases, as well as influential information sources for such purchases.